Auditing: A Journal of Practice & Theory Vol. 30‚ No. 2 May 2011 pp. 19–50 American Accounting Association DOI: 10.2308/ajpt-50009 Financial Statement Fraud Detection: An Analysis of Statistical and Machine Learning Algorithms Johan Perols SUMMARY: This study compares the performance of six popular statistical and machine learning models in detecting financial statement fraud under different assumptions of misclassification costs and ratios of fraud firms to nonfraud firms. The results show
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Appendix to Chapter 7 Evidence on the Efficient Market Hypothesis Early evidence on the efficient market hypothesis was quite favorable to it. In recent years‚ however‚ deeper analysis of the evidence suggests that the hypothesis may not always be entirely correct. Let’s first look at the earlier evidence in favor of the hypothesis and then examine some of the more recent evidence that casts some doubt on it. EVIDENCE IN FAVOR OF MARKET EFFICIENCY Evidence in favor of market efficiency has examined
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AN ESSAY ON CAPITAL MARKETS‚ INVESTMENT AND FINANCE “Investing in a market where people believe in efficiency is like playing bridge with someone who has been told it doesn’t do any good to look at the cards”. Discuss. Warren Buffet‚ New York Times Magazine. AUTHOR: CHARLES EKWE RUO “In an efficient market‚ security (example shares) prices rationally reflect available information” (Arnold 2005‚ p.684). The efficient market hypothesis (EMH) refers to share price movement with respect
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Consumer Perception of Public & Private Sector Banks: A Service Quality Approach TABLE OF CONTENTS |S. NO. |PARTICULARS |PAGE NO. | | |Executive Summary |3 | |1 |Introduction |4
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belonging to something. There is a strong contrast between this glamorous world of ballroom dancing and Fran‚ Fran first had to take her first step of courage by making Scot dance with her as her confidence grew so did her passion for dancing making her outperform the other dancers. ‘Missing her’ is also represented as a perspective of belonging and being accepted in this case being accepted as a mother. This simple yet powerful film links to belonging and being accepted in a strong sense. This short film
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Walther P38 Carl Walther had a tall task ahead of him in 1930s German — build an economical military pistol that would outperform the beloved Luger. He went one better and changed the combat pistol world. The P38‚ adopted by the German military in 1938‚ was the first service pistol outfitted with a double-action/single-action trigger. And by all accounts‚ it was the first pistol to combine this fire control with a locked breech. The configuration has since swept militaries and police forces around
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An Independent Evaluation of Subspace Face Recognition Algorithms Dhiresh R. Surajpal and Tshilidzi Marwala Abstract— This paper explores a comparative study of both the linear and kernel implementations of three of the most popular Appearance-based Face Recognition projection classes‚ these being the methodologies of Principal Component Analysis (PCA)‚ Linear Discriminant Analysis (LDA) and Independent Component Analysis (ICA). The experimental procedure provides a platform of equal working conditions
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Organisation 1. semester Litterature: Gareth Jones (2012); Organizational theory‚ design and change. Pearson Prentice-Hall. Litterature: John Child (2005); Organization: Contemporary Principles and Practice. Oxford: Blackwell. What is an Organization? • Organizations provide goods and services • Organizations employ people • Organizations bring together people and resources to produce products and services 4 4 4 What is an Organization? (cont.) • Organization: a
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media‚ and business school cases had held it up as a glowing example of the transformation of a conservative energy company into a global player. It had frequently been cited in the McKinsey Quarterly as an example of how innovative companies can outperform their more traditional rivals. The drive to maintain reported earnings growth‚ however‚ had led Enron to aggressive accounting policies to accelerate earnings. In particular‚ the ‘special purpose entities’ (SPEs) Enron used to move assets and
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Technology’s ability to outperform humans in achieving these goals is essential for validating its very existence; and innovative technology that is able to effectively do a task will always be required at any point in time. In Thompon’s article‚ “Smarter than You Think: How Technology Is Changing Our Minds for the Better”‚ he indicates that humans have been evolving technology to outperform humans for centuries (340). Thompson targets the game of chess to
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